MTN, BUA, Cadbury clear overseas debts as dollar supply improves
Nigerian companies have started to settle their overdue dollar obligations, Bloomberg reports. This follows recent reforms implemented by the Central Bank of Nigeria (CBN), which have resulted in increased liquidity within the Nigerian foreign exchange market. According to Bloomberg’s findings, major Nigerian companies such as MTN Nigeria Communications Plc, BUA Foods Plc, and Cadbury Schweppes Overseas Limited’s Nigerian arm have …